City investments in France a good move, says expertCity investments in France a good move, says expert
An expert on French property has advised those looking to invest in the country to look at the buy-to-let sector in the main cities.
Founder and managing director of French property specialists VEF Trisha Mason said the apartments in cities that are suitable for young professional couples are much sought-after but in short supply, as many such dwellings have not had their decor modernised.
She suggested: "For any investor looking to upgrade properties I could highly recommend the route of acquiring one bedroom apartments in cities such as Lyon, Toulouse, Bordeaux and Montpellier and upgrading the interior."
Another good sector to invest in is the off-plan leaseback field, where property can be bought for around €100,000 (£80,000) and bring in five per cent annual returns.
Figures from the Association of International Property Professionals have revealed that France is the most popular country for British overseas buyers, accounting for 25.4 per cent of purchases in 2007.